| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 29th | Poor |
| Amenities | 63rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3700 International Blvd, Oakland, CA, 94601, US |
| Region / Metro | Oakland |
| Year of Construction | 1986 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3700 International Blvd, Oakland Multifamily Investment
Neighborhood-level data points to durable renter demand supported by dense retail amenities and a sizable renter-occupied housing base, according to WDSuite s CRE market data. The area s pricing and ownership landscape favor consistent leasing fundamentals versus metro peers.
Located in Oakland s Urban Core, the property benefits from a dense amenity footprint that supports resident convenience and leasing velocity. Grocery and restaurant density rank among the strongest in the metro and score in the upper percentiles nationally, while cafes are likewise abundant. By contrast, parks and formal childcare options are limited within the neighborhood, an operational consideration for positioning and resident services.
Neighborhood occupancy is stable in the low-90s and the share of renter-occupied housing is high, indicating a deep tenant base that supports multifamily demand. On a relative basis, housing measures are above national medians (housing national percentile roughly low-70s), and average NOI per unit is competitive among Oakland-Berkeley-Livermore neighborhoods and in the top decile nationally signaling solid income potential at the neighborhood level.
Construction trends matter here. With an average neighborhood vintage around the 1930s, a 1986 asset is newer than much of the surrounding stock, which can enhance competitive positioning while still leaving room for targeted modernization of aging systems to drive value-add returns.
Within a 3-mile radius, demographics indicate modest population growth in recent years with further gains projected by 2028, alongside an increasing number of households and a majority renter-occupied share. These trends expand the local renter pool and can support occupancy stability and renewal rates. Elevated home values in the neighborhood signal a high-cost ownership market, which typically reinforces renter reliance on multifamily housing and can underpin pricing power, though lease management should account for rent-to-income levels and potential affordability pressure.
Safety conditions sit around the middle of the metro (crime rank roughly mid-pack among 469 neighborhoods) and below national percentiles for both violent and property offenses. Recent year-over-year data, however, shows meaningful improvement in both categories, suggesting a constructive trend to monitor rather than a resolved outcome. Investors should underwrite with conservative loss assumptions and consider security, lighting, and community engagement strategies consistent with urban-core operations.
Proximity to established corporate offices supports commuter convenience and broad white-collar renter demand. Nearby employers include Clorox, Gap, AIG, Charles Schwab, and Celgene, providing diversified office-based employment within a manageable commute.
- Clorox corporate offices (3.4 miles) HQ
- Gap corporate offices (9.4 miles) HQ
- Aig corporate offices (9.5 miles)
- Charles Schwab corporate offices (9.5 miles) HQ
- Celgene corporate offices (9.6 miles)
3700 International Blvd is a 30-unit 1986 vintage asset positioned in an amenity-rich Oakland Urban Core neighborhood. The area s high renter concentration and stable neighborhood occupancy support depth of demand, while dense grocery, restaurant, and cafe options enhance resident convenience and leasing prospects. Elevated ownership costs locally help sustain reliance on rentals, and, according to CRE market data from WDSuite, neighborhood-level income performance is competitive nationally, aligning with a thesis centered on durable cash flow with selective upgrades.
Relative to older surrounding stock, 1980s construction offers a competitive edge but may still benefit from modernization to drive rent premiums and retention. Underwriting should incorporate measured assumptions for safety-related operating practices and acknowledge amenity gaps such as limited parks and childcare, while leveraging strong employer access across the Oakland-SF corridor.
- Renter-heavy neighborhood and stable occupancy support consistent tenant demand
- Amenity-dense location (groceries, restaurants, cafes) aids leasing and renewal
- 1986 vintage newer than neighborhood average with value-add modernization potential
- High-cost ownership market reinforces multifamily reliance and pricing power
- Risks: below-national safety percentiles and limited parks/childcare; plan for appropriate operations and services